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Canadian recycling firm will create 30 new jobs in Albion

Posted 13 November 2013 at 12:00 am

Press release, Orleans County EDA

ALBION – BoMET Holding Inc. – headquartered in Cambridge, Ontario, Canada – is making its first expansion into the U.S. marketplace with a site in Albion.

The international non-ferrous scrap metal recycling corporation – with holdings in Canada and China – will diversify its business model into electronics recycling at a 60,000-square-foot facility on McKinistry Street.

BoMET purchased a warehouse for $176,000 from the Orleans Economic Development Agency. The company plans to add 30 jobs at 152 McKinistry St. The Albion operation will be known as BoMET Recovery LLC.

The EDA worked with the company on a tax incentive plan.

“The OEDA offered 152 McKinstry to BoMET at a very competitive price, along with a property tax abatement package and a loan package for the facility’s manufacturing equipment,” said Jim Whipple, Orleans EDA chief executive officer. “The addition of BoMET Recovery in Albion is another example of how we welcome new industry, cut through the red tape and get projects up and running in Orleans County. We have an active local incentive program and excellent relationships with our economic partners at the state level.”

BoMET Recovery will be the main electronics-recycling center for BoMET Holding Inc.

“BoMET’s business model fits perfectly into our industrial setting and we are certainly not new to Canadian businesses,” Whipple said. “Orleans County is already home to four Canadian manufacturers. BoMET will be the fifth and we have another Canadian firm preparing to locate here.”

BoMET CEO Zhan Bo Zhang said the company wanted to diversify into the United States. Albion was attractive because of its close proximity to Cambridge. The company looked at other states and regions of New York.

“It was my dealings with the OEDA that cemented my decision to locate in Orleans County,” he said. “From start to finish, their knowledge, expertise and guidance gave me the confidence that BoMET Recovery would be successful there. Orleans is manufacturing friendly, known for its workforce and how welcoming they are to new business. We are excited about this new operation and, I believe, this is only the start of great relations between us.”

Orleans County is working on other manufacturing and light industrial projects. The EDA recently submitted an application to Empire State Development Corp. for a new shovel-ready site to be named Sandstone Industrial Properties.

The first planned site is the 150-acre Keppler property in the southeast section of Medina. When completed, the EDA’s Sandstone Industrial Properties will be the largest shovel-ready site in Western and Central New York.

The second EDA shovel-ready site will be the nearby Medina Business Park.

Orleans Hub first reported about the BoMET project on April 12. (Click here to see that article.)

U.S. Rep. Chris Collins issued this statement with the news about BoMET this afternoon:

“The announcement of a new electronics recycling operation in Albion is another positive sign for job creation and business development in Orleans County,” Collins said. “The OEDA continues to successfully work with its partners in government to recruit new businesses into existing facilities.I look forward to welcoming BoMET Recovery to Orleans County.”